Coins:

About the Iranian
Rial

The Iranian Rial is the official currency of
Iran. Theoretically, the Rial is divided into 100 Dinars. However,
due to the low value, the Dinar is no longer relevant. Commonly
10 Rial are mostly called Toman. Even in official documents this
name is occasionally seen. The name 'Rial' derives from the Spanish
word 'Real', which means 'royal'. A decision by the Central Bank
of Iran to remove four zeros and rename the currency in 'Parsi'
has not yet been implemented.

For the first time the Real was issued in 1798
as a coin. It had the value of 1250 Dinars or one eighth Toman.
In 1825 it was replaced by the Qiran. The Qiran was worth 1,000
dinars or a tenth of the value of one Toman. In 1932 the Qiran
was again replaced by the Rial in the ratio 1: 1 and subdivided
into 100 Dinar.

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